Israel Expands Energy Storage with 1.5 GW Allocation
In a major step toward renewable energy integration, Israel has awarded 1.5 GW of battery storage capacity. The winning bidders, including Enlight and EDF, will deploy large
To this end, the Israeli network operator Nega Company ran a tender in July 2024 which attracted offers from 11 bidders for the construction and operation of 29 high-voltage energy storage projects, totaling approximately 4 GW with each project offering a storage capacity for at least four hours.
The Israeli Electricity Authority (IEA) has awarded contracts for 1.5 GW of high-voltage battery storage capacity across 11 projects to be developed in three regions of Israel. The tender, which attracted 11 bidders proposing 29 projects for a total capacity of 4 GW, set capacity tariffs ranging from US$49.41/kWh to US$74.20/kWh.
Israel's storage tender sets prices between $0.0056 and $0.0085 per kW, with kWh figures therefore at $49.41 to $74.20 per kWh. From ESS News Israel has awarded contracts for 1.5 GW of high-voltage battery storage capacity across three regions, marking a significant milestone in the country's energy transition.
“These energy storage contracts mark the Company's first owned project in Israel, and we look forward to continuing to work with Allied as Ormat's capabilities and assets will now help drive Israel's efforts to achieve its renewable energy and energy continuity goals,” said Doron Blachar, CEO of Ormat Technologies.
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